THE COTTAGE, MILL ROAD, SHIPDHAM, THETFORD, IP25 7LU - £240,000

THE COTTAGE is a large extended detached house of 141m², built sometime before 1900. It was last sold for £240,000 in December 2005, which was around 19% above the average December 2005 detached price in the Breckland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. The three THE COTTAGE sales were a mix of above the average price, and roughly equal to the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2005 19 DEC	£240,000	£201,059	19% above HPI
2004 19 FEB	£225,000	£183,160	23% above HPI
1998 16 FEB	£75,000	£74,964	Close to HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three THE COTTAGE sales between February 1998 and December 2005 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2004 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2005 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 141m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the largest 30% of detached houses in Shipdham, based on EPC data. The below chart shows the distribution of detached houses by size in Shipdham, and where THE COTTAGE lies on this distribution: 75% of detached houses are smaller than THE COTTAGE, and 25% of houses are larger. Note that EPC data is not available for all properties in Shipdham.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of THE COTTAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of THE COTTAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is THE COTTAGE?

THE COTTAGE is located on MILL ROAD in SHIPDHAM, in the IP25 postcode district. The below map shows the position of THE COTTAGE on MILL ROAD.